WTI 1M implied volatility fell over 17 pts wk/wk to 34% (now trading 20 pts below 1M realized vol at 55%) while oil skew has normalized back to flat (vs. the record inversion two weeks ago).

Eric Stephen is the managing editor of True Blue LA, where he's covered the Dodgers since 2009, and the co-host of the Three-Inning Save podcast. He's on Bluesky at @ericstephen.bsky.social.

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